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235k? BB was estimating between 400k and 1M jobs. It felt a bit like an earnings miss to me. Just a hiccup along the way. SnP holding steady. Job growth was strong in recent previous reports, and most jobs are being added in hospitality. Urban areas' slow recovery due to Δ fear, homelessness...

Thanks. I'm also looking into using the "Wechat" app, which is a gateway to a lot of stuff in China. I've also been reading up on opening an account with one of the four Chinese banks, and getting some currency so I can pay in Yuan. Seems it's easier to get married and divorced.

Hello Forex People: Attempting to trade some Chinese pairs using IB FxTrader; specifically: Yuan CNY to USD, or Renminbi RMB to USD. They are not present in the system. Am I doing something wrong? Why can't I trade either of these FX pairs? Thanks, Keith

I didn't say that the $USD is coming to an end, I said that its position _as_the_world's_reserve_currency_ is coming to an end, and the Chinese $CNY/$RMB (Yuan/Renminbi) will take its place. In other words, its days as the earth's numeraire are numbered. ...additionally, it's a little...

I had an epiphany about this tsunami of Fed and ECB money printing. --> There is a structural change in progress --> The US Dollar is losing its place as the world's reserve currency. --> The Yuan is replacing the US Dollar --> Change is happening, and we're in the storm. --> It's often hard to...

Basically the "Big Short" of COVID-19. The only problem is that we don't yet have the end of the story! Imagine properly timing the pop... wow... you'll be a millionaire overnight.

I'm reading a book entitled "Extraordinary Popular Delusions," which details a number of bubbles in history, such as the tulip bulb bubble, etc. A common thread is how violently the bubbles end. Typically there is not an organized, steady, controlled exit from these bubbles--they do pop, and...

He'll probably write a book, and it'll be a damn good book too!

A friend of mine applied the old analogy, "A rising tide lifts all boats." I said, "This is not a tide; this is a _tidal_wave_. A tide ebbs and flows, in and out; this is a tsunami of money printing."

Bitcoin, duh.

Wow... good point! What do you think of this idea: the Fed has its back to the wall if something else happens. Could they amp up their money printing to 240B, or 1T a month? Set negative interest rates? Real Rates are actually negative now. 1987 crash, 2001: 9/11, 2009: Mortgage Crisis, 2020...

This is a very sad post.

What is a "deflationary overhang?"

It was It was a 2-min spot on BB this morning by Matthew Hornbach from Morgan Stanley. Hopefully it will be published soon. It hit a nerve with me... let me know if you find it.

I was chatting with a friend today about the 120B/month being poured into the markets from the Fed, and a similar number from the ECB, in addition to other "artificial" economic support. There was a spot on BB news about how this money is elevating the markets. He said, "The Fed will do what...

- Short Sell 100 SPRT@31.25 - total price $3125. - Short interest: 163% of $3125 is $5093.75 - Annualized at 360 days is $14.15/day. Correct?

I'm also getting this... can you spell this out for me? 1. What does this it mean? 2. How can the IB fee rate be 163.41%? 3. Schwab's borrow rate is much better... maybe sign up for their brokerage services? I'm seeing 136.75%

Ha! First, stop trading paper and start trading with real money, preferably your own. Get some skin in the game! Any capital holder will laugh in your face if you show them nothing but paper profits. Would you hand over $100,000 or more to someone who had nothing to show but Monopoly money...

What a nightmare. This is exactly the kind of thing I'm afraid of with Finspace, and any cloud-based service. Somehow database keys were exposed, which allowed anyone to connect to any DB. Ugh... I wonder how bad it really is; how many breaches go unpublished, and what other vulnerabilities exist.

I've wondered this myself. My theory is that since there's higher short interest fees for "Hard to Borrow" stocks... so they label pretty much everything that way.